The Zhitong Finance App learned that catering stocks continued to rise yesterday. As of press release, Nai Xue's tea (02150) rose 5.7% to HK$2.41; Yum China (09987) rose 3.2% to HK$303.4; Dashi shares (01405) rose 2.71% to HK$55; and Jiumaojiu (09922) rose 1.05% to HK$4.79.
China Merchants Securities pointed out that in the future, hotel restaurants are expected to continue to be strong as the May Day holiday approaches. Shanghai Securities said that, driven by the holidays, demand for food and beverage consumption is expected to be released sharply, which has played an important supporting role in boosting consumer confidence throughout the year. The franchise and cooperation model is expected to accelerate brand expansion and regional penetration, and reduce operating risks under the self-operated model. Leading restaurant companies are expected to take advantage of the momentum to speed up the layout and opening of stores, once again ushering in development dividends.
Ping An Securities, on the other hand, pointed out that recently, popular food industry companies have begun to disclose annual reports one after another. Among them, the snack food sector has benefited from the expansion of stores through downstream snack channels, and the 2023 annual report performed well. In the first quarter of 2024, the snack food sector is expected to maintain a high boom. At the same time, prepared food can effectively improve meal delivery efficiency, improve the cost structure, and benefit from the increase in the chain rate of downstream catering companies in the long term. Currently, the boom in the downstream catering industry is gradually improving, and leading companies with scale advantages are expected to quickly seize market share.